 | Term | Definition |
| |
Edwin L. Darake |
Retired railroad conductor. Successfully used a steam engine to drill for oil in PA |
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Bessemer Process |
The first inexpensive industrial process for the mass-production of steel from a molten pig iron. |
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Thomas Alva Edison |
Established the worlds 1st research lab in Menlo Park. |
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Christopher Sholes |
Invented the typewriter |
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Alexander Grahm Bell |
Invented the telephone |
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Transcontinental Railroad |
Railroad connecting the west and east coasts of the continental US |
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George M. Pullman |
Built a factory for manufactoring sleeper & passanger railroad cars. |
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Credit Mobilier |
a joint-stock company organized in 1863 and reorganized in 1867 to build the Union Pacific Railroad. It was involved in a scandal in 1872 in which high government officials were accused of accepting bribes. |
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Munn v. Illinois |
States regulate instate commerce (CASE) |
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Interstate Commerce Act |
Intended to supervise and control interstate commece |
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Andrew Carnegie |
1st Indistrial tycoon mogul to go from "rags to riches" |
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Vertigal Integration |
Strategy: Buy out Supplier |
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Horizontal Consolidation |
Strategy: Buy out Competitors |
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Social Darwinism |
Weak buisnesses die, Rich people are rich because God'd likes them and because they worked hard. |
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Monopoly |
Complete Industrial Control |
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Holding Company |
Buy stocks of companies. (Sneaky Monopolies) |
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John D Rockefeller |
Was an American industrialist and philanthropist. Revolutionized the petroleum industry and defined the structure of modern philanthropy. |
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Trust |
Sneaky Monolpoies ; Trustees for the stocks of the bought up companies |
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Sherman Anti-Trust Act |
First law to ban Monopolies |
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Samuel Gompers |
Cigar Maker. Helped found the AFL |
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American Federation of Labor (AFL) |
Founded by S. Gompers, to aid labors in their quest for better working conditions. |
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Collective Bargaining |
Group Negotiatons |
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Eugene V Debbs |
United States labor organizer who ran for President as a socialist |
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Socialism |
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. |
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Industrial Workers of the World |
an international industrial labor union, considered radical by many, that was organized in Chicago |
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Scab |
a worker who refuses to join a labor union or to participate in a union strike, who takes a striking worker's place on the job, or the like |
| |
Marry Harris "Mother" Jones |
Irish Labor agitator. Lost home to the Chicago Fire. |
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